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Weekly Recap August 07 - 11, 2023

Weekly Recap August 07 - 11, 2023

Participants in the foreign exchange (forex) market focused their attention on Chinese economic data and U.S. inflation statistics during this week. These factors have a significant impact on monetary policy predictions and overall market sentiment.
ACY Securities | 640 дней спустя
US Producers and Consumers

US Producers and Consumers

US Consumer Confidence, the University of Michigan Index, fell slightly to 71.2 in August. Generally though, US consumers have been attempting a fightback from the terrible GFC levels recently seen. Nevertheless, consumers could still be characterised as generally depressed.
ACY Securities | 640 дней спустя
From geo-political to higher rates to strong US Dollar, a lot of pressures are mounting.

From geo-political to higher rates to strong US Dollar, a lot of pressures are mounting.

Stocks on Friday, really were very heavy again. As is often the case however, Monday morning Asia futures trading is as if nothing is wrong. It is just another week and to keep buying it would first appear. This kind of buying can persist all day thorough Asia. Even if in a bear market overall, and that is exactly what US stocks are threatening to become right now.
ACY Securities | 640 дней спустя
Nasdaq 100 looks set for correction

Nasdaq 100 looks set for correction

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Nasdaq 100 looks set for correction, but S&P 500 is holding on for now
FxPro | 640 дней спустя
BIG WEEK AHEAD FOR UK DATA

BIG WEEK AHEAD FOR UK DATA

Asia-Pacific equities dropped due to global growth concerns. Australia's central bank held rates at 4.1%, hinting at a peak. New Zealand's rate is expected to stay at 5.5%. US core inflation fell in July, reducing rate hike chances. Eurozone and UK show higher hike expectations. The week's data, especially from the UK, may impact the Bank of England's decisions.
Moneta Markets | 640 дней спустя
EURUSD Forecast to hit 1.1200

EURUSD Forecast to hit 1.1200

Over the last week EUR/USD traded from 1.0912 to 1.1042. At present, the market is experiencing a summer lull due to the absence of significant data unveilings and a substantial number of market participants being away on vacation.
ACY Securities | 643 дней спустя
Muchado About US CPI

Muchado About US CPI

US inflation came in almost exactly to expectations. There was a great deal of headline fanfare about inflation being better than expected? These are surveys only and with significant margins of error.
ACY Securities | 643 дней спустя
UK GDP GREW BY MORE THAN EXPECTED IN JUNE

UK GDP GREW BY MORE THAN EXPECTED IN JUNE

Biden restricted US investments in Chinese tech sectors, impacting Chinese equities. Oil prices surged due to potential Australia strikes affecting global LNG exports. UK's RICS house price index dropped sharply. UK's economy grew 0.5% in June, with a rise in industrial and construction output. US July producer price data to shed light on inflation trends.
Moneta Markets | 643 дней спустя
Europe Expect Softer Inflation Pressures

Europe Expect Softer Inflation Pressures

The recent ECB consumer expectations survey has revealed a decrease in inflation outlooks. Projections for inflation three years ahead have softened from 2.5% to 2.3%, and those for the upcoming year have eased from 3.9% to 3.4% as of June.
ACY Securities | 644 дней спустя
US Dollar to Strength Even Further, Here is Why

US Dollar to Strength Even Further, Here is Why

In the context discussed earlier in this week, I noted that the US dollar could potentially strengthen further due to reduced market activity and lower volatility. Although the dollar did experience some strengthening, this was primarily driven by risk aversion rather than yield changes.
ACY Securities | 644 дней спустя